IRVINE, CA, Aug. 14 /CNW/ - Basis100 Inc. (BAS:TSE), an e-commerce technology solutions provider for the financial services industry, announced today the launch of the company's new product, TitleBASE, which is designed to simplify the lending process by offering title information reports electronically through the Basis100 U.S. Web site. The reports will be generated through Basis100's relationship with Optima is.com, providing full property-specific information. This offering is another important step to position Basis100 as the recognized leader in automated collateral assessment in the United States.

The ordering process for Basis100's TitleBASE product is integrated with Basis100's AVM, providing access to both property valuations and title information with one mouse click. Users who log on to the Basis100 Web site to purchase property valuations will also have the option of proceeding through to the TitleBASE report. No additional login is necessary, and the information captured in the valuation report is pre-populated into the appropriate fields, requiring minimal data entry by the end-user. Both the TitleBASE product and the AVM reports will be available individually, providing flexibility in meeting the unique needs of any institution.

"TitleBASE is a solution that offers lenders the ability to expedite the retrieval of required title information, without sacrificing accuracy and quality," said Owais Durrani, president, Basis100 U.S. division. "Through our partnership with Optima is.com, Basis100 is able to provide the lending community with title information that is at once cost-effective and complete."

Many institutions are looking to replace traditional title products with more cost effective alternatives, and increasingly rely on title information reports for a variety of applications, particularly in equity lending and portfolio review. As this trend continues, the TitleBASE suite of products will provide institutions with property information tailored to specific business requirements, saving both time and money.

The TitleBASE suite of products offers two industry standard reports including a Legal and Vesting report, which includes complete vesting information and a full legal description; and a Property Information report, which contains all the above information plus taxes, liens and judgments. In addition, clients will be able to customize reports according to intended use and specific information requirements. Additionally, information from the reports can be "scraped" directly into the loan system, as well as the loan documents by the end user, while maintaining the integrity of the information. This supports Basis100's objective in bringing functional and seamless offerings to the industry.

"We are taking the industry in a whole new direction by developing these industry-class and user-friendly product offerings," said Gary Bartholomew, CEO and chairman, Basis100. "Success for Basis100 means bringing measurable value to our customers through technology. The TitleBASE product will move us closer to achieving the company's projected profitability plan by generating additional revenue-streams in the U.S. And since fees for our products are generated per transaction, tying TitleBASE to the AVM will potentially increase our revenues by 400 percent per transaction, while still saving money for our customers over traditional title insurance."

Basis100 chose to partner with Optima is.com because of Optima is.com's outstanding customer service and quality of information provided. Optima is.com has taken consideration to include integral components of data, which makes utilizing this solution in lieu of title insurance possible. Moreover, the company's ability to transform a labor-intensive task and adapt to the fast-paced environment of the Internet, has set Optima apart from its competitors.

"Basis100 is dedicated to providing quality products backed by superior customer service, which mirrors our operations - so it makes sense for us to partner," said Burt Campbell, CEO of Optima is.com. "We are committed to providing the most accurate property information, and by marrying our data with Basis100's intelligent technology we will be able to provide a more accessible and cost effective option to lenders."

About Optima is.com

Optima is.com, a subsidiary of Centex Corporation established in 1999, Optima is.com (http://www.optimais.com/) is based in Southern California and provides non-insurance reports of title on a nationwide basis. The principal focus at Optima is.com is to continuously improve the process of title data acquisition from the most cost-effective sources at performance levels that will match or surpass any national competitor.

About Centex Corporation

Dallas, Texas-based Centex Corporation (NYSE:CTX), through other subsidiaries, is one of the nation's largest homebuilders, non-bank-affiliated mortgage originators and commercial contractors. Centex also has operations in home services and investment real estate and owns a majority interest in a publicly held construction products company.

About Basis100

Basis100 is a leading e-commerce technology solution provider for financial institutions and service providers enabling them to build, distribute, buy and sell their products and services in new ways. Basis100 is focused on the mortgage origination, consumer credit, fixed-income trading, automated property valuation and service vendor markets across North America and internationally. For more information about Basis100, visit www.Basis100.com.

Forward-looking (safe harbor) statement

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

Thanks Tom. That's a great article. I'm posting it in full here in case it winds up disappearing from the URL you gave and also for the convenience of others (assuming there are any).

Best,

-KGO

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August 20, 2001 Investing

Ahead of the game

Software provider Basis100 beats expectations

By ANDY HOLLOWAY

More than a few eyebrows were raised when Basis100 Inc., the provider of e-commerce software for financial institutions (FIs), unveiled a one-year corporate scorecard at the start of 2001. After all, tech companies rarely meet expectations these days—and previous missed product releases, cranky investors and a general market slump had all conspired to cut the stock (TSE: BAS) down to size. Trading at about $25 in early 2000, Basis100 bottomed out last December at a paltry 82¢.

But the unusual approach seems to be working. The Toronto-based firm has managed to meet or exceed its own revenue and product rollout expectations since the release of its quarter-by-quarter scorecard. Gary Bartholomew, chairman and CEO, says the list of accomplishments and goals was created to give investors and analysts some guidance and confidence. It also helped focus the firm on building out its core transaction fee-based platform, PowerBase.

During its second quarter, Basis100 finally managed to commercialize its BasisXpress mortgage processing software, with the new BasisXchange fixed-income trading system ready to go this quarter. In June, the company added the only major Canadian FI it was missing as a customer, when Royal Bank of Canada signed to use its HomeBase mortgage technology. And the firm has also scored big in the US, signing some 1,070 customers to use its automated property valuation technology that was acquired from California tech firm Solimar.Net last year. As a result, in Q2, Basis100 achieved its first operating profit, one quarter ahead of schedule. It earned $100,000 on a record $7 million in revenue—and reduced operating expenses. The stock also rebounded, climbing to about $3.50 by the end of July.

But there's still some more game to be played for those keeping score. Bartholomew says the firm is tracking ahead of its Q3 and Q4 projections, and he estimates revenue will grow 15% to 20% per quarter until the end of 2002, which would put annual revenue at about $50 million and cash earnings in the $8-million area. Basis100 is also now ready to hit up fixed-income traders through an equity position in CanDeal, whose shareholders are two tech companies and six FIs that control 80% of all such trading in Canada. CanDeal members will use BasisXchange as a trading mechanism, effectively freezing out potential competitors. Basis100 will also expand its major platforms: BasisXpress will become a complete consumer credit package; BasisXchange will add other asset classes such as commercial paper to its T-bills and government bonds trading capabilities.

Still, investors should keep in mind that the company has failed to deliver the goods in the past. That led Joey Roa, an analyst at Lightyear Capital Inc., to initially give it a speculative buy rating, which he upgraded only after seeing its Q2 results. "It looks like they've turned the corner going toward profitability," he says. "Basis100 is the only company that has demonstrated that the transaction processing revenue model works."

On the other hand, Roa doesn't expect the firm to be profitable until fiscal 2003 because of writedowns related to the $24-million acquisition of Solimar.Net (and the large start-up costs of PowerBase). Roa says wary investors should look for Basis100 to sign larger Canadian FIs to use BasisXpress (so far only small firms are using it) and to make some more headway in the US with the software. But while Basis100 is still a long way from winning the game, the right players seem to be signing on. If that continues, the scoreboard might just light up.

The RealEC Exchange to provide expanded portal for Basis100 instant property valuation services to the mortgage origination, consumer credit, fixed income trading, and service vendor markets

SANTA ANA, CA, Sept. 18 /CNW/ - RealEC Technologies(TM), the industry'sleading secure B2B eCommerce exchange for real estate transactions, todayannounced a partnership agreement with Basis100 Inc. (TSE:BAS), an e-commercetechnology solutions provider for the financial services industry, that willseamlessly integrate RealEC Exchange's extensive integrated solutions intoBasis100's AVM production system, powered by Solimar technology. "The addition of Basis100 to the RealEC service provider list introducestechnology currently utilized by eight of the top ten equity lenders in theU.S.," said RealEC Technologies president Jeff Sanderson. "This partnershipenables Basis100 to offer its AVM technology through numerous channels whileproviding mortgage originators a portal partner through RealEC Exchange," hesaid. Basis100's AVM produces a valuation report for RealEC's customers in fiveseconds. The report, which passes transparently through the RealEC portal,will provide highest, lowest and expected market value, current owner, lastassessed value, as well as comparisons against properties in the surroundingarea, allowing RealEC's customers to make instant decisioning on loanapplications. "Identifying partners such as RealEC, who create a one-stop-shop for realestate transactions, will increase our reach and penetration in the market bya large measure," said Gary Bartholomew, CEO and Chairman, Basis100. "Manychannels exist for lenders to utilize when originating loans, and bypartnering with RealEC we will be accomplishing our objective to maintain apresence throughout the lenders' choice of channel." "A successful portal will keep their customers within its boundaries,"said Owais Durrani, president, Basis100 US division. "The fewer times yourcustomer has to look to other providers, the better. By partnering, we areable to round out RealEC's offerings and present customers with all the toolsthey require in one place." RealEC is designed to facilitate the origination, servicing, and closingof real estate transactions and to enable real estate practitioners tosignificantly enhance their businesses, RealEC provides integrated solutionsthrough the following core components: The RealEC Exchange is an intelligent routing process that offerstraditional transaction capability and provides a standardized connectivityand data transport functionality for originators and vendors involved in thetransaction. It handles data translation and facilitates rapid informationflow while integrating seamlessly with vendors' production systems. RealEC Technologies is an affiliate of Micro General Corporation(NASDAQ: MGEN), a leading full-service enterprise solutions provider of realestate industry applications and e-Commerce, and Stewart Title Company is aminority owner in RealEC Technologies.

National Bank becomes the second of the Big Six Banks to useBasis100's HomeBASE(TM)

TORONTO and MONTREAL, Sept. 26 /CNW/ - Basis100 Inc. (BAS: TSE), an e- commerce technology solutions provider for the financial services industry, announced today that National Bank of Canada has signed a multi-year contract to equip its mobile mortgage sales force with Basis100's HomeBASE solution.

The National Bank mobile mortgage sales force will now be able to use their laptops to create a mortgage application and transmit it electronically to National Bank's Mortgage Center for approval from a client's home or on the road. The HomeBASE application is connected to National Bank's own credit scoring system, as well as Canada Mortgage Housing Corporation (CMHC) and GE Mortgage Insurance Company, so that decisions can be made quickly and seamlessly without the need to re-key information into multiple systems. This allows the Bank's mortgage specialist to provide a faster response to the client and reduces the time and effort in processing themortgage application.

"Basis100's technology solution will increase efficiencies and service levels, allowing us to provide our clients with the quality of service they deserve", stated Jean Houde, Senior Vice President Retail of the National Bank of Canada. Mr. Houde continued by stating, "Basis100 has a proven record and an attractive offering. We are continuing discussions with Basis100 to explore other solutions, such as BasisXpress(TM)."

The Bank's mortgage specialists will also have the ability to provide the client with various payment options, and potential financing scenarios with calculation tools built into the HomeBASE application. The additional functionality available with the HomeBASE application will allow the mortgage specialist to track their prospects, referral sources, and manage their individual operations more effectively.

"This is yet another example of how our overall solutions offer great value and flexibility to meet the needs of financial institutions in today's dynamic environment. We partner with our clients to continuously offer and provide "best-of-breed" practices and solutions to meet their specific needs" stated Gary Bartholomew, CEO and Chairman of Basis100 Inc.

The development of National Bank's HomeBASE solution has already begun and will be rolled-out to the Bank's sales force in December 2001. National Bank's mobile sales force is 115 strong and is quickly becoming a significant provider of annual mortgage origination for the Bank.

Basis100 earns transaction fees from lenders for each mortgage or loan funded or transacted through BasisXpress and LenderBASE applications. Basis100 also earns transaction fees from its other products such as MortgageBASE(TM), HomeBASE, and ConsumerBASE(TM). These front-end applications connect electronically to BasisXpress or LenderBASE, enabling Basis100 to earn fees throughout the full mortgage process.

About National Bank of Canada

National Bank of Canada is an integrated financial group whose mission is to provide comprehensive financial services to consumers, small and medium- sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including all the investment banking services required by large corporations. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. Ranking sixth among Canada's chartered banks, the National Bank is the leading banking institution in Quebec and the bank of choice for independent businesses. It has branches in every province of Canada. Through its representative offices, subsidiaries and alliances, it is also represented in the United States, Europe and elsewhere in the world. Its assets now exceed $70 billion and, together with its subsidiaries, it employs over 17,000 people. The Bank's head office is in Montreal and its shares are listed on the Toronto Stock Exchange.

About Basis100

Basis100 is a leading e-commerce technology solution provider for financial institutions and service providers enabling them to build, distribute, buy and sell their products and services in new ways. Basis100 is focused on the mortgage origination, consumer credit, fixed income trading, and service vendor markets across North America. For more information about Basis100, visit www.basis100.com.

Forward-looking (safe harbour) statement

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

BASIS100 INC. (BAS:TO) Invites You to Participate in Our 2001 Third Quarter Conference Call on October 25, 2001

TORONTO, Oct. 10 /CNW/ - Gary Bartholomew, Chairman and CEO and LanceMcIntosh, Vice President and CFO, of Basis100 Inc. will hold an openconference call to review the Company's Fiscal 2001 Third Quarter FinancialResults on Thursday, October 25, 2001 at 11:00 a.m. (EST) via telephone andbroadcast over the Web.

CONFERENCE CALL DETAILS

The 2001 Third Quarter Results will be released to market and availableon the Basis100 Web site at www.basis100.com prior to market open on Thursday,October 25, 2001. The conference call will be held at 11:00 a.m. that day.

Dial In Participation The dial-in number to participate in the teleconference is 1-800-633-8682.

Audio Web Cast All interested parties can access the conference call (listen-only mode)over the Web by connecting through Basis100's Web site at www.basis100.com andclicking on "Investors/Financial Reporting" to access the link. You will needWindows Media Player to listen to the Web broadcast. Please visit the Basis100Web site in advance of October 25 to download a free copy of Windows MediaPlayer.

Postview Postview will be available until 11:59 p.m. (EST) November 1, 2001 bydialing 1-800-558-5253. Please enter the reservation number 19770314(poundkey) or by visiting the corporate website at www.basis100.com and clicking on"Investors/Financial Reporting".

TORONTO, Oct. 16 /CNW/ - Basis100 Inc. (BAS:TSE), an e-commerce technology solutions provider for the financial services industry, announced today that the U.S. division has signed 200 new lending customers in the 3rd Quarter, boosting total customers to 1,448 for the company's AVM, PASS. Basis100's PASS product is currently in use with eight of the top ten equity lenders in the U.S.

Each property valuation generated by the system is conducted via the Internet in less than 5 seconds and can be used in lieu of a traditional appraisal during origination, for quality assurance purposes, or to value entire portfolios of properties.

"We have been reinforced as the technology solutions provider of choice for financial service providers, as evidenced by this continued growth," said Basis100, Chairman and CEO, Gary Bartholomew. "About 65% of Basis100 revenues are generated from our U.S. operations, so the continued adoption of the technology and success of the sales efforts means sustained revenue growth for the company."

Many of the new lending customers will fully integrate the Solimar Technology interface into their loan origination system so that extraneous data entry is eliminated, facilitating the quick delivery of loan approvals processed through the system.

"The overwhelming success of our U.S. sales efforts indicate a strong confidence in Basis100's technology solutions for automating mortgage and decisioning processes," said Owais Durrani, President for Basis100's U.S. operations. "Our products allow quicker turn-around times and potentially higher profits on mortgage origination for our customers, and is inline with our corporate objective to bring measurable value to the lending community."

Basis100 acquired Solimar Technology with the purchase of California- based Solimar.Net in February 2000, providing the foundation for its U.S. division. Basis100 now directs its Solimar Technology sales and operations from its U.S. headquarters in Irvine, California.

About Basis100

Basis100 (BAS:TSE) is a leading e-commerce technology solution provider for financial institutions and service providers enabling them to build, distribute, buy and sell their products and services in innovative new ways. Basis100 is focused on the mortgage origination, consumer credit, fixed income trading, and automated property valuation markets across North America. For more information about Basis100, visit www.Basis100.com.

Forward-looking (safe harbor) statement

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

TORONTO, Oct. 17 /CNW/ - Basis100 Inc. (BAS:TSE), an e-commercetechnology solutions provider for the financial services industry, announcedtoday that Michael Johnston, former Chairman of Merrill Lynch CreditCorporation, has joined the company's Board of Directors.Michael Johnston spent more than 32 years in the U.S. financial communityand comes to the Basis100 Board of Directors from Merrill Lynch CreditCorporation (MLCC), where he was the Chairman, President & CEO, serving theconsumer mortgage and investment market. Mr. Johnston is a recognizedfinancial services visionary who successfully "trail-blazed" Merrill Lynch'sbusiness model in a non-traditional credit business category."Michael's extensive background in creating and delivering innovativemortgage products and services will provide focus and guidance for Basis100'ssuccessful introduction of new solutions to the U.S. mortgage industry," saysGary Bartholomew, Chairman and CEO. "He will aid us as we capitalize on ourcurrent client relationships, leverage our technology and continue to grow ourpresence in the U.S. Michael's incisive direction, along with his retail andcapital markets background, will be invaluable to our organization's ongoingsuccess and international growth strategy."Mr. Johnston, who had been with Merrill Lynch since 1969, was directlyresponsible for building the Merrill Lynch Credit Corporation as anindependent, self-contained business unit, which has been profitable everyyear since 1983. MLCC has also consistently rated 85 percent and higher forclient satisfaction, which complements Basis100's model to provide to itscustomers business-driven solutions through technology.A Bronx, NY native, Michael is a graduate of Pace University with aB.B.A. in finance and an A.A.S. in accounting from Bronx Community College inNew York. He is an active member of the Mortgage Brokers Association ofAmerica (MBAA), holding a board position with the Residential Board ofGovernors & Industry Leaders arm. He remains active in the community with hisvolunteer work with the Clara White Mission, as well as the United Way ofNortheast Florida.Mr. Johnston's appointment is subject to TSE approval.

About Basis100Basis100 is a leading e-commerce technology solution provider forfinancial institutions and service providers enabling them to build,distribute, buy and sell their products and services in new ways. Basis100 isfocused on the mortgage origination, consumer credit, fixed income trading,and service vendor markets across North America and internationally. For moreinformation about Basis100, visit www.basis100.com.

Forward-looking (safe harbour) statement

Statements made in this news release that relate to future plans, eventsor performances are forward-looking statements. Any statement containing wordssuch as "believes", "plans", "expects" or "intends" and other statements whichare not historical facts contained in this release are forward-looking, andthese statements involve risks and uncertainties and are based on currentexpectations. Consequently, actual results could differ materially from theexpectations expressed in these forward-looking statements.

To listen to this event, please visitnewswire.ca or www.basis100.comusing your web browser.For a listing of current and archived Internet-hosted earnings conferencecalls, click on the Canadian Earnings icon on the CNW web site atwww.newswire.ca. The CNW's webcasting of earnings calls is consistent withToronto Stock Exchange (TSE) initiatives to broaden investor access throughthe use of new technology.